Data from the past 12 hours shows that the total amount of large market price sell orders from the main force reached $211 million, far exceeding buy orders by $157 million, with a net outflow of $53.67 million and a buy to sell ratio of 1: 1.34, indicating a significant short selling trend. Especially the large sell order of $4.37 million at 12:10 further suppressed the upward potential of the price. Based on the current K-line, the price is below the EMA24/52 moving average, confirming the downward trend.
At the same time, the KDJ index has recently converged, and there are signs of a rebound in the RSI double bottom pattern, but caution should be exercised against continued selling pressure from the main force. The short-term trend is still dominated by large transactions, and it is recommended to closely monitor the dynamics of member indicators.
Open a membership, grasp the main trends, and accurately predict the ups and downs!
The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.
